Homework Answers
9 - Since the postcard has been bought for our personal use , it will come under consumption expenditure.
Hence option A will be correct.
12 - GDP = personal consumption expenditure + government consumption + Gross investment + ( export - import)
= 900 + 300 + 200 + (40-75)
= 1500 - 35
= $ 1465
Add Answer to:
Exhibit 5-1 Use the information below to answer the following question(s). $900 75 Billions of National...
refer to the accompanying national income statistics (in billions and dollars ) national income is ???...
refer to the accompanying national income statistics (in
billions and dollars ) national income is ???
Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy 5 0 16 1 66 1 < Prev 8 of 30 N earch
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal T...
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest 15 18 20 25 22 42 Proprietors Income Transfer Payments Dividends 30 16 Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consunmption Expenditures Consumption of Fixed Capital (Depreciation) Net Foreign Factor Income Personal Saving Corporate Profits Statistical Discrepancy 225 15...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount (Billions SAUD) Consumption of fixed capital Gross private domestic investment Government consumption expenditures Government investment expenditures Imports Exports Household consumption expenditure Net property income paid overseas 285 725 720 165 -550 625 3010 -35 4 (a) (b) (c) (d) (e) Calculate GDP and the country's gross national expenditure using the expenditure approach: Derive the country's gross national product (GNP); Derive the country's net national...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150 Government spending 400 Depreciation 100 Rental income 70 Gross private domestic investment 120 Compensation of employees 830 Exports 120 Imports 70 Indirect business taxes 80 Proprietors' income 120 Personal income taxes 110 Social Security taxes 50 Transfer payments 160 In Exhibit 5-8, personal income (PI) equals: $1,280 billion. $2,290 billion. $1,310 billion. $2,320 billion. $1,400 billion.
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150...
Exhibit 5-8 GDP data (billions of dollars) Personal consumption expenditures $850 Interest 90 Corporate profits 150 Government spending 400 Depreciation 100 Rental income 70 Gross private domestic investment 120 Compensation of employees 830 Exports 120 Imports 70 Indirect business taxes 80 Proprietors' income 120 Personal income taxes 110 Social Security taxes 50 Transfer payments 160 In Exhibit 5-8, disposable personal income (PI) is: $2,180 billion. $1,200 billion. $2,210 billion. $1,180 billion. $1,290 billion.
37. Exhibit: Totals Recorded for Canada TABLE 1. Exhibit: Totals Recorded for Canada (billions of dollars)...
37. Exhibit: Totals Recorded for Canada TABLE 1. Exhibit: Totals Recorded for Canada (billions of dollars) Durable goods consumption Non-durable goods consumption Services consumption Business gross fixed capital formation Residential structures Non-residential structures, machinery and equipment investment in inventories Government purchases Exports Imports Net investment income from non-residents Net compensation received by non-residents employees Taxes less subsidies, on products Depreciation billions of dollars 234 282 646 348 134 180 13 491 664 532 - 28 155 371 In the exhibit...
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for...
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for Ireland? Category Billions of dollars Consumption (personal consumption expenditures) 320 Investment (gross private domestic investment) 150 Government consumption (government expenditures) Exports 110 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments to foreign factors Net unilateral transfers 10 0 -$290 0 -$410 O $310 O $290
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45...
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45 30 40 Exports Gross rental income Government expenditures Net investment Imports Indirect Taxes less subsidies Depreciation of capital assets Income of Pica citizens working abroad Income of non-residents working in Pica Personal Income taxes Net foreign income Wages and salaries Personal consumption expenditures Corporate Profits before taxes Government Transfers to persons Corporate income taxes Undistributed corporate profits 35 60 220 800 1000 130 50...
QUESTION 24 Exhibit 11-1 GDP - Expenditure Approach Category Percent of GDP Amount (billions of current...
QUESTION 24 Exhibit 11-1 GDP - Expenditure Approach Category Percent of GDP Amount (billions of current dollars) 70% 20% Consumption (C) Investment (1) Government purchases (G) Net exports of goods and services (X - M) Gross domestic product 15% $9,000 100% Refer to Exhibit 11-1. What conclusion regarding exports and imports can be arrived at looking at the data provided? a. Exports exceeded imports. b. Exports equaled imports. c. Imports exceeded exports. d. Data insufficient to arrive at any conclusion.
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $...
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $ Billions Non-durable goods 600 Exports 500 Imports 1200 municipalities purchase of goods 200 Government purchases of goods 150 Residential investment 500 Change in business inventories -100 800 Durable goods 250 Services 1) Personal consumption expenditures 2) The value for gross domestic investment 3) The value for net exports 4) The value of government spending 5) The value of gross domestic product (GDP).
refer to the accompanying national income statistics (in
billions and dollars ) national income is ???
Net Foreign Factor Income Corporate Profits Gross Private Domestic Investment Proprietors' Income Dividends Consumption of Fixed Capital Social Security Contributions US Exports Government Purchases Personal Consumption Expenditures Transfer Payments Imports of the US Personal Taxes Corporate Income Taxes Taxes on Production and Imports Interest Undistributed Corporate Profits Statistical Discrepancy 5 0 16 1 66 1 < Prev 8 of 30 N earch
Provided below are national income accounting data of an economy (S billions) for a year. S Billions 22 Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest 15 18 20 25 22 42 Proprietors Income Transfer Payments Dividends 30 16 Compensation of Employees Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Imports Personal Consunmption Expenditures Consumption of Fixed Capital (Depreciation) Net Foreign Factor Income Personal Saving Corporate Profits Statistical Discrepancy 225 15...
Suppose the following are national accounting data for a given year for Malaysia (hypothetical data) Amount (Billions SAUD) Consumption of fixed capital Gross private domestic investment Government consumption expenditures Government investment expenditures Imports Exports Household consumption expenditure Net property income paid overseas 285 725 720 165 -550 625 3010 -35 4 (a) (b) (c) (d) (e) Calculate GDP and the country's gross national expenditure using the expenditure approach: Derive the country's gross national product (GNP); Derive the country's net national...
37. Exhibit: Totals Recorded for Canada TABLE 1. Exhibit: Totals Recorded for Canada (billions of dollars) Durable goods consumption Non-durable goods consumption Services consumption Business gross fixed capital formation Residential structures Non-residential structures, machinery and equipment investment in inventories Government purchases Exports Imports Net investment income from non-residents Net compensation received by non-residents employees Taxes less subsidies, on products Depreciation billions of dollars 234 282 646 348 134 180 13 491 664 532 - 28 155 371 In the exhibit...
80 (Table: Hypothetical Irish National Income and Product Accounts Data) What is the current account for Ireland? Category Billions of dollars Consumption (personal consumption expenditures) 320 Investment (gross private domestic investment) 150 Government consumption (government expenditures) Exports 110 Imports 60 Foreign income payments to domestic factors 20 Domestic income payments to foreign factors Net unilateral transfers 10 0 -$290 0 -$410 O $310 O $290
Questions 1-5 Pica's National Data in 2019 (billions of dollars) 140 100 480 280 80 45 30 40 Exports Gross rental income Government expenditures Net investment Imports Indirect Taxes less subsidies Depreciation of capital assets Income of Pica citizens working abroad Income of non-residents working in Pica Personal Income taxes Net foreign income Wages and salaries Personal consumption expenditures Corporate Profits before taxes Government Transfers to persons Corporate income taxes Undistributed corporate profits 35 60 220 800 1000 130 50...
QUESTION 24 Exhibit 11-1 GDP - Expenditure Approach Category Percent of GDP Amount (billions of current dollars) 70% 20% Consumption (C) Investment (1) Government purchases (G) Net exports of goods and services (X - M) Gross domestic product 15% $9,000 100% Refer to Exhibit 11-1. What conclusion regarding exports and imports can be arrived at looking at the data provided? a. Exports exceeded imports. b. Exports equaled imports. c. Imports exceeded exports. d. Data insufficient to arrive at any conclusion.
Q8: Refer to the information provided in Table below to answer the question(s) that follow. $ Billions Non-durable goods 600 Exports 500 Imports 1200 municipalities purchase of goods 200 Government purchases of goods 150 Residential investment 500 Change in business inventories -100 800 Durable goods 250 Services 1) Personal consumption expenditures 2) The value for gross domestic investment 3) The value for net exports 4) The value of government spending 5) The value of gross domestic product (GDP).
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